ISTANBUL-Anadolu Agency Economists expect the Turkish economy to run a current account surplus of $1.1 billion in July, according to an Anadolu Agency survey on Sept. 11. A group of 14 economists’ estimates for the month ranged between a surplus of $160 million and $1.5 billion. The Turkish Central Bank will release the monthly balance of payments figures on Sept. 13. This June, the current account posted a $548 million deficit, while in the first half of 2019 the deficit totaled $3.26 billion. Meanwhile, the survey showed the end-2019 current account balance is forecast to see a deficit of $4.5 billion, with the lowest estimate at $2 billion, and the highest at $9 billion. Last year, the current account balance posted a deficit of around $27.6 billion, improving from a nearly $47.5 billion deficit in 2017. Turkey’s new economic program, announced in September 2018, targets a current-account-deficit-to-GDP ratio this year of 3.3%.
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